Maxwell Engineering Solutions IPO Listing: Shares Debut at 90% Premium on NSE SME, Check Share Price
- November 6, 2026
- Posted by: Kunal Singla
- Category: News
Maxwell Engineering Solutions lists at Rs 300.20 on NSE SME, up 90%. Issue price Rs 158. Subscribed about 490 to 540 times. Issue size Rs 57.64 Cr.
Quick Answer
The Maxwell Engineering Solutions IPO listing today saw the stock debut at Rs 300.20 on the NSE SME platform, a 90 percent premium over the Rs 158 issue price, a gain of Rs 142.20 per share. Anyone checking the Maxwell Engineering Solutions share price today will find a blockbuster debut for a Vadodara based maker of pelletising components whose IPO was subscribed roughly 490 to 540 times.
Maxwell Engineering Solutions IPO Listing Today: The IPO closed subscription on 3 November 2026 with demand of roughly 490 to 540 times overall, led by non institutional investors. Here is a recap of the offer, the terms of the Maxwell Engineering Solutions IPO listing, and how the stock traded once it opened on 6 November.
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Maxwell Engineering Solutions IPO Listing: Issue Details
Maxwell Engineering Solutions Limited raised Rs 57.64 crore through a book built issue made up entirely of a fresh issue of 36,48,000 equity shares, with no offer for sale, in a price band of Rs 150 to Rs 158 per share. It raised Rs 16.18 crore from anchor investors before the issue. Bidding ran from 30 October to 3 November 2026, and the shares listed on the NSE SME platform on 6 November 2026.
| Particular | Detail |
|---|---|
| IPO Open Date | 30 October 2026 |
| IPO Close Date | 3 November 2026 |
| Allotment Date | 4 November 2026 |
| Refund Initiation | 5 November 2026 |
| Issue Size | Rs 57.64 crore (36,48,000 shares, entirely fresh) |
| Lot Size | 800 shares (minimum application of 2 lots, or 1,600 shares, Rs 2,52,800) |
| Price Band | Rs 150 to Rs 158 per share |
| Face Value | Rs 10 per share |
| Issue Type | Book Built Issue |
| Lead Manager | JDA Capital Services Limited |
| Registrar | KFin Technologies Limited |
| Listing At | NSE SME |
| Listing Date | 6 November 2026 |
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Maxwell Engineering Solutions IPO Listing Price and Performance
Shares of the Maxwell Engineering Solutions IPO listing opened at Rs 300.20 on the NSE SME platform against the Rs 158 issue price, a gain of Rs 142.20, or 90 percent. An individual investor applying for the minimum 1,600 shares had put in Rs 2,52,800, so the paper gain at the listing price works out to about Rs 2,27,520. For an application of 2,400 shares (Rs 3,79,200) the gain is about Rs 3,41,280. At this price the stock trades at about 35 times FY26 earnings on the post issue share count, against about 18 times at the issue price, so the sharp rise has already priced in a lot.
About the Maxwell Engineering Solutions IPO
Maxwell Engineering Solutions Limited, founded in 2022 and led by managing director Rajkumar Chaudhary, is a Vadodara based precision engineering company that makes and services components for underwater pelletising systems, such as die plates, blades, knives, blade holders and cutter hubs. It also refurbishes used die plates and supplies white label products, and sells to polymer compounding, masterbatch and cable compound makers in more than 25 countries. JDA Capital Services was the lead manager and KFin Technologies is the registrar. Investors weighing the Maxwell Engineering Solutions IPO listing should note that the proceeds go towards machinery, a new facility, Rs 14 crore of working capital and some debt repayment.
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Maxwell Engineering Solutions Financials
Here is how the company has performed financially, useful context for anyone checking the Maxwell Engineering Solutions share price today after the Maxwell Engineering Solutions IPO listing.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Revenue from Operations | 29.45 | 22.10 | 10.54 |
| Profit After Tax | 11.86 | 9.17 | 3.16 |
Explanation
Revenue from operations rose about 33 percent in FY26 to Rs 29.45 crore and profit after tax grew about 29 percent to Rs 11.86 crore, a PAT margin of about 40 percent that is unusually high and worth checking against the prospectus. Exports were about 85 percent of revenue, the top 10 customers supplied about 66 percent, and the business is very small, so these are the points to weigh after the Maxwell Engineering Solutions IPO listing.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Maxwell Engineering Solutions IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Maxwell Engineering Solutions IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What was the Maxwell Engineering Solutions IPO listing price?
Ans. Maxwell Engineering Solutions shares listed at Rs 300.20 on the NSE SME platform, a 90 percent premium over the Rs 158 issue price, a gain of Rs 142.20 per share.
Was the Maxwell Engineering Solutions IPO listing a premium or a discount?
Ans. It was a blockbuster premium listing, with the stock opening Rs 142.20 above the issue price.
How much was the Maxwell Engineering Solutions IPO subscribed?
Ans. The IPO was subscribed roughly 490 to 540 times overall by the close of bidding on 3 November 2026, with non institutional investors bidding hundreds of times their quota. Sources report different final figures.
What is the issue price of the Maxwell Engineering Solutions IPO?
Ans. The price band was Rs 150 to Rs 158 per share, and the issue price was fixed at the upper end, Rs 158.
What is the lot size of the Maxwell Engineering Solutions IPO?
Ans. The lot size was 800 shares, and individual investors needed a minimum of two lots, or 1,600 shares, costing Rs 2,52,800.
Who is the registrar for the Maxwell Engineering Solutions IPO?
Ans. KFin Technologies Limited is the registrar.
What does Maxwell Engineering Solutions do?
Ans. Maxwell Engineering Solutions makes and services pelletising die plates, blades, blade holders and related components for polymer and plastics processors, and exports to more than 25 countries.
Where can I check the Maxwell Engineering Solutions share price today?
Ans. You can check the Maxwell Engineering Solutions share price today on the NSE SME platform, or through the Univest platform.
Should I hold shares after the Maxwell Engineering Solutions IPO listing?
Ans. That depends on your own risk appetite and time horizon. Worth weighing the 90 percent listing gain and fast growth against a rich valuation, a very small revenue base and heavy export dependence before deciding whether to hold or book profit after the Maxwell Engineering Solutions IPO listing.
